ARA Asset Management said it has suspended Dynasty REIT’s IPO until further notice
Since the registration of Dynasty REIT’s prospectus with the Monetary Authority of Singapore, ARA Asset Management said there has been a marked change in investor sentiment given the recent after market performance of several IPOs and a gradual worsening of the overall market conditions.
In general, this weakness has been driven by lacklustre earnings results by large global corporations in the US and Europe, ARA Asset Management added.
However, ARA Asset Management is maintaining its positive outlook on the potential growth of China’s retail and office sectors.
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